India Oil Shares Gain as Kerosene Price Rise Said to Be Approved

Updated on
  • Increase of 25 paise a liter a month approved from July 1
  • The move will directly benefit ONGC, Oil India, analyst says

Indian oil producers Oil and Natural Gas Corp. and Oil India Ltd. gained as the government was said to have allowed refiners to raise the price of kerosene each month for 10 months, reducing the burden of subsidies.

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